2013-12-05

Recenly lots of people asked me about Bitcoin. They were amazed that it rise so quickly from $100-200 area to $1,000+ area.

Some people like Peter Schiff called the bitcoin bubble already.

If we look at bitcoin chart, it sure looks like bubble:

However, as 99% of bitcoin charts on the net, this chart is not logaritmic.

Logaritmic chart of bitcoin looks like this:

I am not bitcoin supporter, but this chart does not look like in bubble phase.
There is good possibility to see drop to the support @ $100-200 area again, but still this is something normal for charts like this.

Disclamer - I do not trade, nor mine bitcoins or any similar currency.

My name is Nikolay Mihaylov, and these are my finance notes.
I am *NOT* so experienced in this area, but may be is good for you to see how I am thinking :)
Unlike most other blogs, here, everything is real transaction, unless is theoretical post, which is used for finding entering price.
So enjoy it.